Folger Nolan Fleming Douglas Capital Management Inc. Sells 2,433 Shares of Microsoft Co. (NASDAQ:MSFT)

Folger Nolan Fleming Douglas Capital Management Inc. decreased its holdings in Microsoft Co. (NASDAQ:MSFTFree Report) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,542 shares of the software giant’s stock after selling 2,433 shares during the period. Microsoft comprises 4.5% of Folger Nolan Fleming Douglas Capital Management Inc.’s portfolio, making the stock its 5th largest holding. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Microsoft were worth $41,568,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Morris Financial Concepts Inc. raised its stake in shares of Microsoft by 0.9% in the fourth quarter. Morris Financial Concepts Inc. now owns 2,663 shares of the software giant’s stock valued at $1,001,000 after purchasing an additional 25 shares in the last quarter. Sicart Associates LLC raised its stake in Microsoft by 2.9% during the fourth quarter. Sicart Associates LLC now owns 926 shares of the software giant’s stock worth $348,000 after acquiring an additional 26 shares in the last quarter. Capital Wealth Management LLC raised its stake in Microsoft by 1.7% during the fourth quarter. Capital Wealth Management LLC now owns 1,592 shares of the software giant’s stock worth $599,000 after acquiring an additional 26 shares in the last quarter. Mayfair Advisory Group LLC raised its stake in Microsoft by 0.7% during the fourth quarter. Mayfair Advisory Group LLC now owns 3,866 shares of the software giant’s stock worth $1,434,000 after acquiring an additional 27 shares in the last quarter. Finally, Marmo Financial Group LLC raised its stake in Microsoft by 2.8% during the fourth quarter. Marmo Financial Group LLC now owns 987 shares of the software giant’s stock worth $371,000 after acquiring an additional 27 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MSFT. Macquarie increased their target price on Microsoft from $460.00 to $475.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Barclays increased their target price on Microsoft from $421.00 to $475.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. KeyCorp began coverage on Microsoft in a report on Thursday, March 21st. They set an “overweight” rating and a $490.00 target price on the stock. Raymond James restated an “outperform” rating and set a $480.00 target price (up previously from $450.00) on shares of Microsoft in a report on Friday, April 26th. Finally, Stifel Nicolaus restated a “buy” rating and set a $455.00 target price on shares of Microsoft in a report on Monday, April 22nd. Three investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $454.70.

View Our Latest Stock Analysis on MSFT

Insider Activity at Microsoft

In related news, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the sale, the executive vice president now owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the sale, the executive vice president now owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the sale, the executive vice president now directly owns 159,764 shares in the company, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. 0.03% of the stock is owned by insiders.

Microsoft Trading Down 0.3 %

NASDAQ MSFT opened at $429.17 on Thursday. The firm has a market cap of $3.19 trillion, a P/E ratio of 37.16, a P/E/G ratio of 2.27 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23. The stock’s 50-day moving average is $416.87 and its 200-day moving average is $400.30. Microsoft Co. has a one year low of $309.45 and a one year high of $433.60.

Microsoft (NASDAQ:MSFTGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. The company had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. Microsoft’s revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.45 earnings per share. Sell-side analysts anticipate that Microsoft Co. will post 11.77 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s dividend payout ratio is presently 25.97%.

Microsoft Company Profile

(Free Report)

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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